Based on AFR, it could be about $3.50 if they have to buy at $1.4Billion:
"But it's a big bite for Independence, given the asking price would be about the same size as its own market value when you add in a premium."
The diversified miner has previously said it would focus on deals within gold and base metals in line with its current portfolio and has scope to target exploration, development and producing stage assets.
WELL PLACED FOR ACQUISITION
Nova is located east of Horseman in the Goldfields-Esperance region of WA where Independence's wholly-owned Long nickel mine is situated.
Independence has a market value of $1.4 billion, while Sirius is worth $1.25 billion.
IGO Price at posting:
$5.99 Sentiment: None Disclosure: Not Held
SIR Price at posting:
$3.08 Sentiment: None Disclosure: Held
